The New York City Department of Environmental Protection (DEP), in conjunction with New York City Department of Housing Preservation and Development (HPD) and the Housing Development Corporation (HDC), is offering a water and sewer credit for eligible HPD- or HDC-assisted affordable multifamily housing projects. Eligible projects can receive a $250 credit per residential unit on their water and sewer bill(s).
Projects will be prioritized by lowest to highest collectable rent affordable to households earning no more than 60% of Area Median Income (AMI), as enrollment is limited. All projects (a property or cluster or properties that are covered under one HPD and/or HDC regulatory agreement that is recorded on ACRIS) over 4 units are eligible to participate in the Program; however, if a private-site project consists of more than 2,000 units, only 2,000 units of a project will receive credits. The agencies reserve the right to prioritize high-need projects should program demand exceed the enrollment cap.
The Fiscal Year 2023 Multifamily Water Assistance Program application period has now closed. Applicants will be notified by June 2023 on their application status.
Please check back in Fall 2023 for the release of the Fiscal Year 2024 program cycle.
To qualify for the credit, all three of the eligibility criteria must be met:
Rent Affordability: Average actual collectable rents (rental buildings) or maintenance fees (co-ops) for the entire project (a project is defined as all buildings covered under on ACRIS-recorded regulatory agreement or equivalent document with HPD or HDC) must be affordable to households earning up to 60% of Area Median Income (AMI), using the HPD/HDC Rent Roll Template, effective as of the date of application.
Note: For an application to be considered complete, the Applicant must complete the HPD/HDC Rent Roll Template for all buildings in the project, even the ones that are under 4 units.
Use Restriction: ACRIS-recorded regulatory agreement, Mitchell-Lama non-dissolution rider or equivalent document with HPD and/or HDC with a minimum of 15 years remaining in its restriction period:
Buildings charged on the Multifamily Conservation Program (MCP) rate must meet the program's conservation requirements:
All buildings billed on a metered basis are eligible.
Buildings must be current on their DEP and DOF bills or they must demonstrate that they are working with HPD or HDC Asset Management to bring the building into good standing with the City. See Q.16 under the "Application Submission" section in the FAQs below on how to demonstrate good standing.
Note: Applicants do not need to submit current DEP bills this Program cycle. DEP will be running a point-in-time check of the project's payment status to determine good standing with DEP. Applicants must still submit their most recent DOF bill(s) as evidence of good standing with DOF.
Projects are defined as a property or cluster of properties which are covered by the same HPD or HDC-issued regulatory agreement that is recorded on ACRIS. Buildings with less than 4 residential units may not receive the credit; however, rents for these buildings must be included in the HPD/HDC Rent Roll Template submitted.